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we want it to help us, you know, to develop our economy and to develop the economy of the world. so what is good for the well-being of saudi arabia should be good for the well-being of the world too. so there's nothing wrong with that. >> and so what do you say to people out there like al gore and now mr. obama that say we have to devote ourselves-- devote ourselves to reducing our dependence on oil? >> my answer to this is, we have to be realistic. we don't have the alternatives today. if there are alternatives, be my guest and come and bring them in. but they are not there. >> you're saying whatever the world does in terms of wind, nuclear, coal, we're still gonna need oil, and a lot of it, no matter what? >> you're still going to need oil and a lot of it. >> politicians use this all the time that we're "addicted," addicted to foreign oil. and addiction has a dark connotation, because if you're addicted, there's a suggestion that there's a drug dealer who's trying to keep you hooked. it's in the air that you want to keep us hooked. >> there is nothing addictive about oil. if yo
we want it to help us, you know, to develop our economy and to develop the economy of the world. so what is good for the well-being of saudi arabia should be good for the well-being of the world too. so there's nothing wrong with that. >> and so what do you say to people out there like al gore and now mr. obama that say we have to devote ourselves-- devote ourselves to reducing our dependence on oil? >> my answer to this is, we have to be realistic. we don't have the alternatives...
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Sep 27, 2012
09/12
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economy before today's data. but it does make you worry some when you see those cap ex numbers, the shipments and the core capital goods orders and it is revisions to them. but i do think that that is more sentiment based and that as we come through this next couple of months, that you'll start to see a more -- people more apt to look at the dollar as the right place to be. >> mike murphy, go ahead. >> fundamentally, i'm agreeing with you on a lot of the points. but the old saying, don't fight the fed, you look at what's going on, there's talk that china is going to add additional stimulus tonight. but looking at this trade, if stimulus keeps coming into the market, gold is up almost 1.5% today. across the board, commodities are up. isn't it hard to be on the other side of bernanke, the ecb and china all at once? >> we tend to look at commodities as being a supply demand play. and when we look at demand, supply is adequate in most of these commodities. when we look at demand coming mostly from china, in a lot of
economy before today's data. but it does make you worry some when you see those cap ex numbers, the shipments and the core capital goods orders and it is revisions to them. but i do think that that is more sentiment based and that as we come through this next couple of months, that you'll start to see a more -- people more apt to look at the dollar as the right place to be. >> mike murphy, go ahead. >> fundamentally, i'm agreeing with you on a lot of the points. but the old saying,...
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Oct 3, 2012
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we may not be able to jump-start the economy. perhaps the best we can do is keep it from going into a free fall. that's a reality we're all contending with right now. >> all trying to figure out where we put our money in that scenario. lee, that for your time. lee partridge from salient partners. back to you guys. >>> there is mounting evidence that housing is really starting to turn the corner and the re-fi boom should also mean that more people are fixing up their homes. but is that really happening? we're going to stop in at the corner hardware store to find out. the family owner of one major store is about to tell you whether there is a surge in home improvements. that's next. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice bus
we may not be able to jump-start the economy. perhaps the best we can do is keep it from going into a free fall. that's a reality we're all contending with right now. >> all trying to figure out where we put our money in that scenario. lee, that for your time. lee partridge from salient partners. back to you guys. >>> there is mounting evidence that housing is really starting to turn the corner and the re-fi boom should also mean that more people are fixing up their homes. but is...
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Oct 1, 2012
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how is printing more money good for the economy? >> well, think about the tesla, it misallocates capital into the wrong places. you give a lot of money, that's low interest rate, easy to get and certainly some corporations have benefited. certainly doesn't seem to dir t directdirec directly correlate. >> you sound like a politician, rick, you sound exactly like a politician. you're absolutely right. >> a lot of debate about this policy. a lot of debate about the policy, but no doubt about it, when you look at the equity market -- >> we don't have to worry about the policy until 2015. >> don't fight the fed. we'll see about that. thank, everybody. see you soon. we appreciate your time tonight. >> we have to fight the clock today. have you ever tried to have a conversation with people who are miles away from you all at the same time th? that's not easy. we anchor well together, maria. >> yes, bill. >> 50 minutes left. the 160-point gain on the dow is half gone. 100-point gain right now as we head toward "the closing bell." maria? >> a
how is printing more money good for the economy? >> well, think about the tesla, it misallocates capital into the wrong places. you give a lot of money, that's low interest rate, easy to get and certainly some corporations have benefited. certainly doesn't seem to dir t directdirec directly correlate. >> you sound like a politician, rick, you sound exactly like a politician. you're absolutely right. >> a lot of debate about this policy. a lot of debate about the policy, but no...
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Oct 3, 2012
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economy. that is great for u.s. stocks. what has to happen in the u.s. market is oil has always been this traditional leading indicator in the economy. if oil is up that means there is lots of demand and that is great. >> let's look at the oil picture. we did see oil breaking below $88. how could a regime change in iran impact oil? joining us is the king of commodities himself. you can take a look at wti. it doesn't seem like it is reflecting the tensions or would we be even lower if we didn't have them? >> i think that what we're seeing and michelle was explaining it quite well, i sent e-mails to explain what was happening. the possibilities of regime change is very much a part -- there has been tear gas let out in teheran in the streets. the currency has been literally collapsing. the currency movement of 5% is extraordinary in a week. a currency movement at 40% is perhaps unparalleled other than periods of hyperinflation. the regime has to be concerned about its continuation. we are hoping the students and workers will take the streets. they have seen
economy. that is great for u.s. stocks. what has to happen in the u.s. market is oil has always been this traditional leading indicator in the economy. if oil is up that means there is lots of demand and that is great. >> let's look at the oil picture. we did see oil breaking below $88. how could a regime change in iran impact oil? joining us is the king of commodities himself. you can take a look at wti. it doesn't seem like it is reflecting the tensions or would we be even lower if we...
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Oct 4, 2012
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it won't help an economy plagued by uncertainty. it could complicate the tightening of policy when it is time for the fed to tighten and it could raise rates in other sectors. however, most participants believe the risk of qe as detailed there could be managed. >>> now a couple issues here. the effectiveness of the calendar date guidance. remember they extended that into 2015. but there's a big debate on the fed about whether or not this is effective. they worry that the change could be seen as an economic downgrade and not have a positive economic impact. they also said they prefer economic factors to calendar dates. sounds easy, right? no. because they can't agree on whether to use numerical targets and what they should be. they're discussing th ining the discussing these numeric targets. >>> that's a lot of information to process. we're going to do what we are calling the fed minutes in a minute. you have 60 seconds to break it down, pull out the nuggets that we need to know about and that are going to move the markets. your time
it won't help an economy plagued by uncertainty. it could complicate the tightening of policy when it is time for the fed to tighten and it could raise rates in other sectors. however, most participants believe the risk of qe as detailed there could be managed. >>> now a couple issues here. the effectiveness of the calendar date guidance. remember they extended that into 2015. but there's a big debate on the fed about whether or not this is effective. they worry that the change could...
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Oct 4, 2012
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growth economy is slowing. if you're used to 5%, 10%, the impact that that has on energy, on materials, on all sorts of things is pretty significant. both for china and its implications for the rest of the world is pretty significant. >> you say 4% to 5% might be a reasonable return expectation in a domestic stock portfolio for next year. if i'm not satisfied with that, i'm greedy, i want more than that, where can i enhance my return under the scenario you predict? >> i would get similar returns still from the high-yield area. high yield acts like equities. you're not really changing your risk profile there but i'm also really interested in the emerging market areas. >> but not china. >> not china itself. that's true. it depends on some of the monetary policy, changes they may now make. but at this point, no, i agree. >> we have to leave it there. you called the market right. you said 15%. that's where we are. thanks for being with us. >>> let's go to seema for a market flash. >> we got a lot of ipos this week.
growth economy is slowing. if you're used to 5%, 10%, the impact that that has on energy, on materials, on all sorts of things is pretty significant. both for china and its implications for the rest of the world is pretty significant. >> you say 4% to 5% might be a reasonable return expectation in a domestic stock portfolio for next year. if i'm not satisfied with that, i'm greedy, i want more than that, where can i enhance my return under the scenario you predict? >> i would get...
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Sep 26, 2012
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they've seen their economy falling. they've seen very high rates of unemployment. as high as 50% for young people. we also saw violence in athens greece, today as well. they were protesting there as well because you could say, same story. another round of cuts of government spending which will mean lower salaries, pensions that could be affected as well. a lot of the details haven't come out, but they kind of know the story already. this is athens. once again, molotov cocktails as we have seen in the past. tear gas being used by the police to disperse the protesters. a lot of back and forth. that lasted just a couple of hours. it was smaller than we've seen in the past. but once again, two capitals in europe erupting in the last two days, today, in fact over austerity measures being imposed as they try to balance their budgets. >> michelle caruso-cabrera, thank you for that update. beakers, i'm going to you. the worse things get, the more likely it will be that spain actually seeks a bailout, right? borrowing costs have to remain high. 32 basis points rose in spani
they've seen their economy falling. they've seen very high rates of unemployment. as high as 50% for young people. we also saw violence in athens greece, today as well. they were protesting there as well because you could say, same story. another round of cuts of government spending which will mean lower salaries, pensions that could be affected as well. a lot of the details haven't come out, but they kind of know the story already. this is athens. once again, molotov cocktails as we have seen...
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Oct 3, 2012
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down so the economy can hopefully catch fire. we all know from the boss, bruce springsteen, you can't start a fire without a spark. unfortunately, those low rates mean you can't earn squat on bonds either. like it or not, you need to own stocks that can give you a decent return. the unemployed have a hard time saving, no kidding, the fact is that 90 million american households save with stocks in one form or another. it makes a ton of sense when you think about it. how do we get sustainable higher stock prices? let me give you my eight-point plan. point number one, we have to eliminate the tax on dividends entirely. if they're tax-free, people will buy them. i trust the balance sheets of corporate america far more than i trust the government's balance sheet. this is hardly a reckless position and would encourage companies to reward shareholders by issuing and raising dividends. i would actually raise the tax on capital gains. why? you get gains when you sell stocks. i don't want people to sell stocks. i want them to own stocks, n
down so the economy can hopefully catch fire. we all know from the boss, bruce springsteen, you can't start a fire without a spark. unfortunately, those low rates mean you can't earn squat on bonds either. like it or not, you need to own stocks that can give you a decent return. the unemployed have a hard time saving, no kidding, the fact is that 90 million american households save with stocks in one form or another. it makes a ton of sense when you think about it. how do we get sustainable...
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it will have us effect on the american economy. if we don't insure stability than the entire picture darkens considerably 87 it is like the automatic pilot. >> absolutely not. we can see with the battle of sequestration dramatic cuts will occur that almost nobody republican are democrats don't want. that is not automatic. john: the "washington post" headline obama cuts defense down to the bone? there is talk. we have the inflation adjusted chart. obama false light the then flat to. how was that to the bone? anything beyond the three years is fantasy. what we talk about and then near-term procurement, personnel, trai ning at has a devastating effect look as defense contractors announce layoffs in the hundreds of thousands john: i ain't how the navy and the marines get 29 percent, the army 26% is about the same every year and nobody makes choices. >> if you'd been there is not a vigorous debate then go to the pentagon. i'd think obviously this has to be evaluated on the annual basis and look at priorities. with increasing uncertainti
it will have us effect on the american economy. if we don't insure stability than the entire picture darkens considerably 87 it is like the automatic pilot. >> absolutely not. we can see with the battle of sequestration dramatic cuts will occur that almost nobody republican are democrats don't want. that is not automatic. john: the "washington post" headline obama cuts defense down to the bone? there is talk. we have the inflation adjusted chart. obama false light the then flat...
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we're hurting the economy. unless we change the laws, the regulations that implement them will state. lori: can you tell me or is it fair to suggest that these burdensome costs are actually shaving points of gdp? >> there is no question about that. again, if i told you there have been a $500 billion tax increase will be talking and howard slow gdp growth. we know the debt burden is slowing gdp growth. its other shock that we are crawling along at something under one-and-a-half percent because we have an economy that has to many burdens. large new spending programs, large debt, and now large regulatory burden. lori: the most costly federal agencies of the epa, department of housing and human services. ideas for cuts? baena we are locked in as we are talking about, but going forward . >> you have to go to the epa and ask a very, very serious question. what point have we crossed the line with a green agenda is crushing the jobs agenda. i think that is a place where we ought to start. think hard about has been goin
we're hurting the economy. unless we change the laws, the regulations that implement them will state. lori: can you tell me or is it fair to suggest that these burdensome costs are actually shaving points of gdp? >> there is no question about that. again, if i told you there have been a $500 billion tax increase will be talking and howard slow gdp growth. we know the debt burden is slowing gdp growth. its other shock that we are crawling along at something under one-and-a-half percent...
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Oct 4, 2012
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and nobody as far as i know believes that the clinton economy was a bad economy. i mean, i was very proud to have been part of the clinton administration. it was one of the best economies we had. the tax rates did not harm small business. in fact, we had such a good economy because we had fiscal responsibility and at the same time we invested in infrastructure and in education. >> it was a different time. it was also the dot-com boom. >> that came at the end, that's right. but most people who look at those years and exclude those years that just preceding the dot-com boom understand that was a very good economy. do you believe or does anybody -- i mean, i would be very interested in grover norquist if he thought the clinton years represented a bad economy and if they were bad tax rates. >> as much fun it would be to relive the clinton years tonight, mr. secretary, i'd love to get grover -- i want you to expand more on this deduction limit. are you saying it might violate the letter of the no tax pledge but it does not violate the spirit? >> no, no. the president -
and nobody as far as i know believes that the clinton economy was a bad economy. i mean, i was very proud to have been part of the clinton administration. it was one of the best economies we had. the tax rates did not harm small business. in fact, we had such a good economy because we had fiscal responsibility and at the same time we invested in infrastructure and in education. >> it was a different time. it was also the dot-com boom. >> that came at the end, that's right. but most...
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everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, arou the country, around the corner. us bank. yeah, i'm looking to save, but i'm not sure which policy is right for me. you should try our coverage checker. it helps you see if you have too much coverage or not enough, making it easier to get what you need. [ beeping ] thesare great! [ beeping ] how are you, um, how are you doing? i'm going to keep looking over here. probably a good idea. ken: what's a good idea? nothing. with coverage checker, it's easy to find your perfect policy. visit progressive.com today. gerri: let me just unpack this a a little bit. when easily that there is outrage at every turn on this story. to back up here, we found out this week that lockheed martin is telling us that there will be no budget cuts, that is defense cuts coming. how does the obama administration have the authority to say sequestration is not going to happen? >> th
everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, arou the country, around the corner. us bank. yeah, i'm looking to save, but i'm not sure which policy is right for me. you should try our coverage checker. it helps you see if you have too much coverage or not enough, making it easier to get what you need. [ beeping ] thesare great! [...
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Oct 2, 2012
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healing and -- >> the real economy, not just the stock market bernanke economy. >> particularly in the small mid cap space we're investing, the companies tend to be less international and tend to be doing well. most, if not all are having record earnings this year. there's much so be worried about in the economy but the underlying economy is healing. >> you're talking about the consumer strength basically? most companies are consumer oriented. >> the consumer has been strong, industrial manufacturing has been strong, software has been strong, you know, it's -- i'm not generalizing the whole economy but our job is to find value in the market and certainly our companies are building cash flows and where they're importantly finding ways to unlock the value. >> joe is a fan of jack-in-the-box. >> i am. in contrast -- >> i am a fan of chico's. >> in contrast to other fast food chains although there aren't many i'm not a fan of. >> that's obvious. >> i like jack-in-the-box, too. the play on jack in the box, they used to have a corporate parent in the day so they wind up opening their own sto
healing and -- >> the real economy, not just the stock market bernanke economy. >> particularly in the small mid cap space we're investing, the companies tend to be less international and tend to be doing well. most, if not all are having record earnings this year. there's much so be worried about in the economy but the underlying economy is healing. >> you're talking about the consumer strength basically? most companies are consumer oriented. >> the consumer has been...
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Oct 4, 2012
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high income people are doing just fine in this economy. they'll do fine whether you're president or i am. the people having the hard time are middle income americans. under the president's policy, middle income americans have been buried. they're being crushed. >> for 18 months he's been running on this tax plan. and now five weeks before the election he's saying that his big bold idea is never mind. and the fact is that if you are lowering the rates the way you describe, governor, then it is not possible to come up with enough deductions and loopholes that only affect high income individuals to avoid either raising the definite it or burdeneni ing the middle class. it's hamath. >> another hot topic, the deficit. >> it's now four years later, we still have trillion dollar defici deficits. >> $2.50 for every cut, we ask for a dollar of additional revenue paid for as i indicated earlier by asking those of us who have done very well in this country to contribute a little bit more to reduce the deficit. >> there were also some notable exchange
high income people are doing just fine in this economy. they'll do fine whether you're president or i am. the people having the hard time are middle income americans. under the president's policy, middle income americans have been buried. they're being crushed. >> for 18 months he's been running on this tax plan. and now five weeks before the election he's saying that his big bold idea is never mind. and the fact is that if you are lowering the rates the way you describe, governor, then...
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economy already fallen into another recession. with more on this, american enterprise institute scholar and former u.s. treasury consultants. welcome to the show. great to have you here. ben bernanke speaking today -- >> very good to be here. >> thank you. gerri: the federal reserve chairman speaking today and said we are not in a recession. it is not likely we will be in recession. very optimistic. very upbeat. are you? >> no. i think we are probably losing momentum if we are not in a recession we are close to. the big problem is at the end of the year if we have not done something about the fiscal cliff we are going to be in recession very definitely. the rest of the world is slowing down as well. so certainly the momentum is not good. whether the growth number for the fourth quarter is a half a percent or three-quarters of% or zero it will feel pretty much the same. we will be close enough to recession to put some real pressure on the lame-duck congress to do something about that fiscal clef. gerri: motors recently in a poll, 6
economy already fallen into another recession. with more on this, american enterprise institute scholar and former u.s. treasury consultants. welcome to the show. great to have you here. ben bernanke speaking today -- >> very good to be here. >> thank you. gerri: the federal reserve chairman speaking today and said we are not in a recession. it is not likely we will be in recession. very optimistic. very upbeat. are you? >> no. i think we are probably losing momentum if we are...
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Oct 1, 2012
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economy in 2013. we could get a point, point and a half up on gdp just from a revival in the housing. europe is a mess. i've thought the euro has to go down, went above 130, is a little lower now. they have to bring that down some. i've been stung by that. that's the only way i think they'll save the periphery. the periphery is going to be a mess for many years to come. there are fiscal reforms that will be slow and painful. as far as china is concerned it's stabilizing there, it's not easy to come off a mammoth real estate boom. they're doing a better job than we did. >> craig barrett is our guest host today, former intel chairman and ceo and talked about how technology is going to go the same way as the international markets, 70% to 80% of the sales of big tech companies are. do you worry about it coming back to our shores anything that's happening overseas and affecting our own home companies, too? >> there's no question. what is it, 40%, 45% of the profits of the s&p come from global non-u.s. sale
economy in 2013. we could get a point, point and a half up on gdp just from a revival in the housing. europe is a mess. i've thought the euro has to go down, went above 130, is a little lower now. they have to bring that down some. i've been stung by that. that's the only way i think they'll save the periphery. the periphery is going to be a mess for many years to come. there are fiscal reforms that will be slow and painful. as far as china is concerned it's stabilizing there, it's not easy to...
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Oct 3, 2012
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the service sector, the bigger part of the economy. this september number we're expecting, basically a lateral move. 53.7 was our last look and we're also coming off of several other data points. adp was better than expected at 162. high ironic, we stripped away last month's revision. we could argue about the fed in qe 3 but initially re-fis have popped and we're waiting for it, the markets are moving a little bit. equities are 55.1. they've had it. they started to rally. much better than expected. much better than our last look and it's the best number going back to march. march when you had a number of 56.0. we've pretty much taken away the down on equities and we've moved the basis point higher on tens to a middle of five-basis point closing range over the last week and that is at 163. melissa lee, back to you. >> thank you very much, rick santelli. slight pop in the equity market. steve? >> really interesting number here. rick said stronger than expected along with the ism manufacturing number. the business activity number, up to a
the service sector, the bigger part of the economy. this september number we're expecting, basically a lateral move. 53.7 was our last look and we're also coming off of several other data points. adp was better than expected at 162. high ironic, we stripped away last month's revision. we could argue about the fed in qe 3 but initially re-fis have popped and we're waiting for it, the markets are moving a little bit. equities are 55.1. they've had it. they started to rally. much better than...
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>> jobs and the economy. our governor tries to bring business with jobs and employing people but constantly fighting the federal government of overregulation. that has got to stop. romney will make a difference not only in our state but then the country. gerri: it is a pleasure. i will be watching the debate tonight. pam bondi. stocks are higher today with the new jobs report but is it something to be happy about? up review -- a preview of friday's report next. gerri: the jobs market. the private sector hiring last month 160,000 jobs added. lower than the month before. here to break down is our harvard economist. jeffrey, this is a payroll processor the works of private businesses, what does it mean for the jobs report on friday? >> appms numbers are not always indicators it is a pretty good report by it is not great consistent over months with the new normal we grow slowly so the unemployment rate does not come down even though people employed is going up not much faster. gerri: they say small business hirin
>> jobs and the economy. our governor tries to bring business with jobs and employing people but constantly fighting the federal government of overregulation. that has got to stop. romney will make a difference not only in our state but then the country. gerri: it is a pleasure. i will be watching the debate tonight. pam bondi. stocks are higher today with the new jobs report but is it something to be happy about? up review -- a preview of friday's report next. gerri: the jobs market. the...
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Oct 1, 2012
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economy is doing better than the world right now. europe is not dealing with its fiscal problems, not dealing with the economic growth problems and i think there is still a lot of adjustments necessary in china and in asia because of the chinese problems and the united states we are gradually move ago long. we're gradually growing i think building momentum, particularly in housing and orders and i think that should allow the u.s. manufacturing sectors should be doing a bit better than around the world and that inneed is the days. >> do you believe we can hold onto growing plus 50 numbers through year end? i know barring all the vasslations in the individual data, can we built on this? >> it is a close call in manufacturing. of course we are affected by what's going on around the world in manufacturing. in the broader economy if you look at the housing sector, the consumer sector, various service sectors, yes, i think the u.s. economy can continue to grow steadily and pick up moment unas we get into next year. >> the market is reactin
economy is doing better than the world right now. europe is not dealing with its fiscal problems, not dealing with the economic growth problems and i think there is still a lot of adjustments necessary in china and in asia because of the chinese problems and the united states we are gradually move ago long. we're gradually growing i think building momentum, particularly in housing and orders and i think that should allow the u.s. manufacturing sectors should be doing a bit better than around...
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economy. at the same time, he is said to be negotiating individually with the pe firms on the details of how his roughly 20% stake in the company would contribute and what role he might be playing after a buyout. and oracle ceo larry ellison says the company won't be making any major acquisitions during the next couple years. in an interview on "closing bell" yesterday, ellison said he is instead focused on growing organically. he also discussed the dividend. >> that's the decision of the oracle board of directors. i believe we'll gradually increase the dividend as opposed to dublg it or tripling it all at once. nothing dramatic. >> shares of oracle during the last year, take a look at it. 31.65. he's gotten close to the top there, joe. >> all right, andrew. thank you. >>> my stories don't deserve that music? okay. thank you. you know what? i'm so nervous now and unsettled, i don't know what's coming. >> we've been working on new music, trying to find new things -- >> those drums, though. i'm
economy. at the same time, he is said to be negotiating individually with the pe firms on the details of how his roughly 20% stake in the company would contribute and what role he might be playing after a buyout. and oracle ceo larry ellison says the company won't be making any major acquisitions during the next couple years. in an interview on "closing bell" yesterday, ellison said he is instead focused on growing organically. he also discussed the dividend. >> that's the...
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many say the economy has stalled. we're going to break it down. >>> plus oil companies throw money at mitt romney like there is no tomorrow. but a new study shows their business is actually better with a democrat in the white house. we have the surprising details. >>> two of america's greatest pastimes together. football and victoria secret models. why the nfl blitz by the underwear company might be pure business brilliance. even when they say it's not it is always about money melissa: first let's take a look at the day's market headlines a surprise surge in u.s. manufacturing gave stocks a triple digit boost. that was early on though and it trade faded. the dow closed up 77 points. one possible reason, ben beanke. the fed chairman defended his money printing ways today but he also said congress must do more to ss ace the recovery. >>> american express will pay more tan $112 million. regulators allege that amex misled customers about debt collected, discriminated against certain card applicants and charged improper la
many say the economy has stalled. we're going to break it down. >>> plus oil companies throw money at mitt romney like there is no tomorrow. but a new study shows their business is actually better with a democrat in the white house. we have the surprising details. >>> two of america's greatest pastimes together. football and victoria secret models. why the nfl blitz by the underwear company might be pure business brilliance. even when they say it's not it is always about money...
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will iran's own economy bring down the ruling rage game? joining me fox news national security analyst, kt mcfarland. thanks so much for joining us. i was shocked to see inflation, suddenly take hold in iran. we're looking at milk, the price of milk going up 9% in one day. rial has lost 70% of the its value. why is this happening all of a sudden? is it just the sanctions? >> i think it is accumulation of things. more importantly why are people taking to the streets? >> yeah. >> what is going on? iranian government new sanctions were coming. we announced it six months in advance. they started stockpiling. families started stockpiling. they started hoarding dollars. that's why you didn't see it earlier. why is it breaking out? because iranian people that is where the arab spring started in 2009. the administration did not, the obama administration didn't encourage it. in fact just the opposite. then the arab spring restarted two years later in tunisia, morocco and egypt, et cetera, et cetera. melissa: yeah. we're reading about people, you kno
will iran's own economy bring down the ruling rage game? joining me fox news national security analyst, kt mcfarland. thanks so much for joining us. i was shocked to see inflation, suddenly take hold in iran. we're looking at milk, the price of milk going up 9% in one day. rial has lost 70% of the its value. why is this happening all of a sudden? is it just the sanctions? >> i think it is accumulation of things. more importantly why are people taking to the streets? >> yeah....
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Oct 3, 2012
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dow industrial lost 32 and uncertainties about health of the economy in spain. nasdaq gained 6. >>> jp morgan chase is facing a new lawsuit over the activities of right before the economic melt down. a federal mortgage tax force claims committed fraud. the allegation involved mortgage security deals that cost investors billions of dollars between 2005 and 2007. jp morgan bought bear sterns back in 2008. >> this case is underlining the essential principle of the working group which is that there's one set of rules for everyone, and we will not tolerate fraud. >> this is the first lawsuit filed by the task force set up by the obama administration to conduct during the financial crisis. jp morgan says it intends to fight the lawsuit. >>> chevron is appealing a decision ordering it to pay property taxes. chevron filed the appeal in contra costa. earlier the board rejected chevron's appeal of the 2009 property tax bill and ordered the company to pay $27 million in taxes. a chevron spokesman tells ktvu the company is in mediation over assessments going back to 2004 an
dow industrial lost 32 and uncertainties about health of the economy in spain. nasdaq gained 6. >>> jp morgan chase is facing a new lawsuit over the activities of right before the economic melt down. a federal mortgage tax force claims committed fraud. the allegation involved mortgage security deals that cost investors billions of dollars between 2005 and 2007. jp morgan bought bear sterns back in 2008. >> this case is underlining the essential principle of the working group...
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Oct 2, 2012
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what does this say about our economy and about what's going on in china? joins us is david, lenov ooleno president of north america. how did this get decided, and when does it all come down? >> what we will announce today is we're expanding or facility in north carolina to bring u.s. manufacturing starting in january through our think product portfolio. our think pad notebooks and think server workstations and servers. we're very excited about this. it's really bringing a differentiator for us versus the market. we believe there's a customer demand for u.s. manufacturing not only for the manufacturing presence but also what we could bring to differentiate ourselves around the customer experience that a local manufacturing plant provides us the flexibility to do. >> were these jobs that were elsewhere that are essentially being imported into the country, or are these new jobs? >> these will be new jobs we're creating. as you may not know, we're the faste fastest-growing pc player in north america for the last nine quarters and have expanded our presence in
what does this say about our economy and about what's going on in china? joins us is david, lenov ooleno president of north america. how did this get decided, and when does it all come down? >> what we will announce today is we're expanding or facility in north carolina to bring u.s. manufacturing starting in january through our think product portfolio. our think pad notebooks and think server workstations and servers. we're very excited about this. it's really bringing a differentiator...
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. >> who has the right fuel to boost the economy? dr. yurgin weighs in next. hit hard by the recession, but an organization is helping the returning heros find work. we'll hear from the war fighters foundation later. also, will a t-mobile and pcs merger give our carriers a run for the money? we'll find out what it means for your bottom line. we're on the case next on "the willis report."♪ ♪ ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. you see us, at the start of the day.nge, on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around th
. >> who has the right fuel to boost the economy? dr. yurgin weighs in next. hit hard by the recession, but an organization is helping the returning heros find work. we'll hear from the war fighters foundation later. also, will a t-mobile and pcs merger give our carriers a run for the money? we'll find out what it means for your bottom line. we're on the case next on "the willis report."♪ ♪ ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or...
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he thinks the economy is bad but he used to decide whether we're in recession. he doesn't think we're there yet. >> he used to side whether to call it a recession. i don't think he decided whether we went into. david: no, i don't think anybody would decide to do that. lauren: it feels like we're in one, right? that's what matters. >> to the people surely out of work it surely feels like a recession. people struggling to get orders it feels like a recession. i don't think the technical issue matters. i think the real challenge ahead is do we go over the fiscal cliff january 1st? if we do, then for sure we're going to be in a recession. that will take 3 1/2% out of the gdp. that is a stroke of midnight. that is a big hit. we don't grow at 3 1/2%. so that clearly would put us in. lauren: the chief economist of the imf said today it will take 10 years to get out of this funk. that was just amazing. but you've been very clear about this, wilbur. saying that mitt romney is the guy to help the markets. why are you so bullish on mitt romney? >> well, for several reasons
he thinks the economy is bad but he used to decide whether we're in recession. he doesn't think we're there yet. >> he used to side whether to call it a recession. i don't think he decided whether we went into. david: no, i don't think anybody would decide to do that. lauren: it feels like we're in one, right? that's what matters. >> to the people surely out of work it surely feels like a recession. people struggling to get orders it feels like a recession. i don't think the...
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he took over when this economy was in free-fall. mitt romney's argument is, we should go back to the same policies we had before. obama gets credit for having delivered, stopping the bleeding and starting to get better. revising of the new jobs created. we're doing better. the american people know it. but the real reason that mitt romney probably isn't going to win this election, no matter how well he does is, when you ask the question, does this candidate care about people like me? fwl's a 40-point gap. mitt romney can't connect. >> let me ask governor barbour about that right now, that's one of the stubborn facts in the polling of this election, so far, romney's personal favorability hasn't moved that much. >> another reason why this election doesn't need to be a popularity contest. this is about what are we going to do about the future of the country? i don't think ronald reagan won because he was a happier person. ronald reagan won because the country was in bad shape. he offered policies to get us out of that and they worked. y
he took over when this economy was in free-fall. mitt romney's argument is, we should go back to the same policies we had before. obama gets credit for having delivered, stopping the bleeding and starting to get better. revising of the new jobs created. we're doing better. the american people know it. but the real reason that mitt romney probably isn't going to win this election, no matter how well he does is, when you ask the question, does this candidate care about people like me? fwl's a...
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you compare the recovery under obama, this year the economy's improved 1.6%. that's the best he's done. after the recession, when reagan was president, the first year 4% economic growth. the idea that we can't have a growing economy is something that is not being talked about enough, anywhere except for the dining room table. >> the interesting thing about the race the national equilibrium is about two-point race. if mitt romney has a good five days, this race will dwindled down to a two-point race. the environmental factors, all begin to take place. the biggest change that has happened in this, mitt romney wanted this to be a referendum election. at some point, he has to fix that really quick. >> and i think the time is running out. you get three chances. of course, his vp pick hasn't turned out to be so good. we'll get more into that. the convention speech. everyone know that wasn't a speech that really gave us a better idea about mitt romney and the third opportunity has become the debates. 1980s, the republicans constantly go back to the 1980s like that's
you compare the recovery under obama, this year the economy's improved 1.6%. that's the best he's done. after the recession, when reagan was president, the first year 4% economic growth. the idea that we can't have a growing economy is something that is not being talked about enough, anywhere except for the dining room table. >> the interesting thing about the race the national equilibrium is about two-point race. if mitt romney has a good five days, this race will dwindled down to a...
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what happed, it has been a horrible economy, a horrible recession. melissa: why thud anyone collect it after six months? why is it fair for some and not others? >> well it has been a choice congress made. it is a humanitarian choice. you can, there is pluses and minuses of it. on the downside, a year and a half worth of benefits does cause people to stay unemployed longer. on the plus side, it is a help to people who are in difficult situation. but you ought to say, all right, if we'll have this policy only should be targeted to those in difficult situation. melissa: how is it not a difficult situation? if you're making $100,000 a year. you own a house. you're paying a mortgage. you feed your kids. you clothe them. you have your monthly expenses. lose your job because of the economy. i mean what are you going to stop paying as a result? why are these people in any less of an unfortunate situation then someone else who makes less but maybe they have fixed costs per month also lower than the person who makes 100,000 a year? both cases are kind of in di
what happed, it has been a horrible economy, a horrible recession. melissa: why thud anyone collect it after six months? why is it fair for some and not others? >> well it has been a choice congress made. it is a humanitarian choice. you can, there is pluses and minuses of it. on the downside, a year and a half worth of benefits does cause people to stay unemployed longer. on the plus side, it is a help to people who are in difficult situation. but you ought to say, all right, if we'll...
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what do they have to say about health care, the economy. it is the first presidential debate of 2012. it is important. debate night 2012, watch it here live, cnn, starting at 7:00 and cnn.com. >>> all right, so overcoming a disability is tough enough. it is a battle on its own. but new add to that bullying. because that's what kids do. and that fight can get downright cruel. but our chief medical correspondent dr. sanjay gupta is about to introduce to you a 13-year-old who is showing all of those bullies what he's made of and he's using his own disability as his tool. it is awesome. here's today's human factor. ♪ you can go and join my circle ♪ >>> listening to jake rap, you have no idea he suffers from a speech disorder, so debilitating that he used to keep to himself. >> he started speaking at the age of 2, and with single words it wasn't so bad. when he would get into sentences with a couple of words, two or three words, that's when it started to come in. >> those who love jake knew he needs to get the words out. let him finish what
what do they have to say about health care, the economy. it is the first presidential debate of 2012. it is important. debate night 2012, watch it here live, cnn, starting at 7:00 and cnn.com. >>> all right, so overcoming a disability is tough enough. it is a battle on its own. but new add to that bullying. because that's what kids do. and that fight can get downright cruel. but our chief medical correspondent dr. sanjay gupta is about to introduce to you a 13-year-old who is showing...
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but, look, the economy by then was booming. nobody really gave him a chance of winning. what is happening here is you have romney losing a race that everybody thought he was perfectly capable of winning. so if that is indeed what occurs, it's possible he doesn't even get the viagra ad in the end and may be cutting some ads for bain capital. >> michelle cottle and dana milbank, thank you for your time this evening. >> thanks. >> thanks. >>> coming up, paul ryan has come up with a brand-new reason to avoid giving details on the romney/ryan plan. >> you haven't given me the math. >> it would take me too long to go through the math. >> the math is hard defense. good luck with that. >>> plus, todd akin goes from bad to worse. new comments from mr. legitimate rape have made him the poster child of the gop radical anti-women agenda. >>> also, republicans care a lot about voter fraud unless they are the ones doing it. we're calling them out for gross hypocrisy. you're watching "politicsnation" on msnbc. oh no, not a migraine now. try this... bayer? this isn't just a headache. tr
but, look, the economy by then was booming. nobody really gave him a chance of winning. what is happening here is you have romney losing a race that everybody thought he was perfectly capable of winning. so if that is indeed what occurs, it's possible he doesn't even get the viagra ad in the end and may be cutting some ads for bain capital. >> michelle cottle and dana milbank, thank you for your time this evening. >> thanks. >> thanks. >>> coming up, paul ryan has...
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the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ >>> we are back with our political roundtable. joining me, anchor of bbc's "world news america" katty kay. chuck todd. the founder and chairman of the faith and freedom coalition ralph reed. and the former democratic governor of pennsylvania ed rendell. welcome to all of you. so much to get to in this campaign. the big debate starting here, chuck, on wednesday. but you're looking at the map, and that's what the romney campaign is looking at as they look to restart this campaign. >> nine background statement states. here they are. one of them we have moved into the obama category. but we have polled in all of them over the last coup
the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ >>> we are back with our political roundtable. joining me,...
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including job approval rating, romney favorability, and who wins on the economy. in three states, the president had a job approval rating of 49 or above. romney's unfavorable rating was higher than his favorable rating, and the president led romney on the economy. in three of those stays, iowa, ohio, new hampshire. just one state did you have the president's job approval rating 48% or over and romney winning on the issue of the economy. that's north carolina. if you look at it that way and go to the map to 270, what does that mean, and you put those four states into the respective categories, and look at. this the president for suur sho. romney a long way to go has to sweep the rest. there are five left in the background. florida, virginia, wisconsin, colorado, nevada. this is where if romney does do what chris christie said he will do, the first place you'll see it are in the five states that are left. >> ralph reed, that's a lot of movement that has to take place to overcome where the campaign is. yet you heard chris christie say it this morning on the program,
including job approval rating, romney favorability, and who wins on the economy. in three states, the president had a job approval rating of 49 or above. romney's unfavorable rating was higher than his favorable rating, and the president led romney on the economy. in three of those stays, iowa, ohio, new hampshire. just one state did you have the president's job approval rating 48% or over and romney winning on the issue of the economy. that's north carolina. if you look at it that way and go...
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Oct 3, 2012
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we don't want a stagnant economy that fosters dependency. >> sometimes the point doesn't get made the right way. jonathan, he sure didn't make it the right way. he says about the 47%, let's help them get jobs. so he thinks the 85-year-old widow who does not pay federal income tax needs to get a job. this was a chance for him to reach out, identify that 47%, and show that he knows what they are struggling with, including making their own pay roll taxes that the people with jobs have to pay that are very significant things taken out of their paycheck. no understanding whatsoever of the 47% demonstrated by paul ryan. >> lawrence, no understanding and no empathy. i mean, it's not like the 47% aren't paying taxes at all. there's sales taxes and state taxes and all sorts of other fees and levies that folks in the 47% pay. and the other thing is you mentioned, you know, it's not just the worker who doesn't make enough in order to qualify to pay federal income taxes. but what about the senior citizen who is on social security or medicare? what about the veterans who are coming back from their
we don't want a stagnant economy that fosters dependency. >> sometimes the point doesn't get made the right way. jonathan, he sure didn't make it the right way. he says about the 47%, let's help them get jobs. so he thinks the 85-year-old widow who does not pay federal income tax needs to get a job. this was a chance for him to reach out, identify that 47%, and show that he knows what they are struggling with, including making their own pay roll taxes that the people with jobs have to pay...
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reinvigoration of the economy on its feet. interesting that people put more money, there was stock from a the ecb, and they would be euro printing. and giving some impetus to the rising gold but some say it is time to become too much bluster and dropping back a little bit after its recent run up. financials really applauding the market. look at j. p. morgan up 2%. bank of america up 3% but all of the banking stocks doing very well. you have financials in the market. when the bell rings the argument begins that the regulation with -- about to go down in flames with revelations from a man at the helm. one of the nation's biggest banks during the heart of the meltdown. john ellison is here to focus the blame back where it belongs. you don't want to miss this debate. cleveland is open for business. liz claman in the heart of the city. what makes their city the place to be? liz: you should be here. this is a rock and roll hall of fame at huge tourist attraction. look what i got you. and he was two years old. and this was the best.
reinvigoration of the economy on its feet. interesting that people put more money, there was stock from a the ecb, and they would be euro printing. and giving some impetus to the rising gold but some say it is time to become too much bluster and dropping back a little bit after its recent run up. financials really applauding the market. look at j. p. morgan up 2%. bank of america up 3% but all of the banking stocks doing very well. you have financials in the market. when the bell rings the...
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billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ >> good today to all of you, it's 1:00 in the east, it's 10:00 a.m. in the west. a new reaction today from paul ryan. >> we have had some missteps. but at the end of the day, the choice is really clear. and we're giving people a very clear choice. we have these pro growth solutions for opportunity and upward mobile and a dynamic economy. you've got the president basically promising four more years like the last four years. and here and there. we have not been able to frame that choice clearly. by the end of the day, people are not going to understand exactly what they have got. >> a voluntary campaign senior advisor is seeking to clarify the president's plan even after the currency of the economy. >> the president's not ga qualifiesed. we have now created 5 million jobs, we're net positive in terms of jobs created. but whole is huge, and we have to create an commit in which the middle class has a chance. we're not going t
billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ >> good today to all of you, it's 1:00 in the east, it's 10:00 a.m. in the west. a new reaction today from paul ryan. >> we have had some missteps. but at the end of the day, the choice is really clear. and we're giving people a very clear choice. we have these pro growth solutions for opportunity and upward mobile and a dynamic...